Monetary policy committee: Ravindra Dholakia of IIM-A among 3 members appointed

New Delhi: The government has on Thursday named three academics – Indian Statistical Institute professor Chetan Ghate, Delhi School of Economics director Pami Dua and Ravindra H Dholakia of IIM-Ahmedabad – as members on interest-rate setting Monetary Policy Committee.

MPC, which will take over the job of setting interest rate, will have six members, with the government and the Reserve Bank of India (RBI) appointing three persons each. Setting up of the panel will bring about a landmark change to how central bank decisions are made in the country.